How Exposed Are Crypto Payrolls to Social Engineering?
Social engineering scams present a notable risk to cryptocurrency payrolls. They often involve attackers masquerading as trusted sources, like customer service, to extract sensitive details or to instigate unauthorized payments. A recent example, shared by blockchain investigator ZachXBT, illustrated a scammer pretending to be from Coinbase support, leading to the theft of over $2 million from unsuspecting users. Such cases highlight the fragility of crypto payrolls to these psychological assaults, which can be more damaging than just technical flaws.
The numbers surrounding these scams are staggering. Hacken’s 2025 report noted crypto losses reached around $3.95 billion, with a hefty portion due to operational security failures and…
